Össur's Targets Validated by SBTi - Smart Energy Decisions

Commercial, Energy Efficiency, GHG Emissions  -  February 9, 2024

Össur's Targets Validated by SBTi

Össur, a global provider of mobility solutions that help people live a Life Without Limitations®, announced today that the company's emissions reduction targets have been validated by the Science Based Targets initiative (SBTi).

The Iceland-based company commits to lowering absolute Scope 1 and 2 GHG emissions by 79% by 2030 from a 2019 base year. 

Össur also commits to reducing absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream and downstream transportation and distribution by 25% by 2030 from a 2021 base year. Additionally, the company set a goal of lowering Scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 base year and to reduce absolute Scope 3 emissions by 90% by 2050 from a 2021 base year.

Össur recently received a B score from global environmental non-profit CDP, for its disclosures on climate change. This score is an improvement from the previous year and above the C average score for medical device companies.

"Sustainability is embedded into our strategy and throughout our organization. Having our emissions reduction targets validated by the SBTi is a significant milestone and confirms the diligent work we are doing to minimize our environmental impact," says Sveinn Sölvason, Össur President and CEO, in a statement. "While the task at hand is a challenging one, we are committed to doing our utmost to reach both our near term and net-zero targets. When it comes to the whole value chain, we cannot do it alone, and society as a whole must acknowledge and collaborate on initiatives that will reduce global emissions."  

Össur committed to the Science Based Targets initiative in May 2022, submitted its reduction targets and documentation for validation in June 2023, and received verification on January 30 2024.

Keywords: Össur

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